Govt Offers Incentives To South African Businesses

Foreign Affairs and International Trade Minister Sibusiso Moyo has called on South African business people to invest in Zimbabwe and take advantage of Special Economic Zones.

While addressing the third bi-annual commission on Zimbabwe and South Africa in Harare on Monday, Moyo said:

I am inviting South African businesses to take advantage of the varied incentives provided for by special economic zones in Zimbabwe. These zones offer incentives that include among others, duty-free importation of capital equipment and tax variables.

The special economic zones that we aim to set up in Zimbabwe’s 10 provinces of Zimbabwe offer opportunities to create Cross broader value tax through partnerships between Zimbabwean companies and South African investors in areas that include mining and engineering, leather, textile and clothing.

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A prosperous Zimbabwe makes for a prosperous South Africa and vice versa. As we continue to break new ground within the framework of our bilateral cooperation, I am delighted to note that we have registered tangible progress delivered from our agreements and Memorandum of Understanding (MOUs) which forms building blocks of our Bi-National Commission.